Features
Superstruct Entertainment Reportedly Up For Sale
Sources tell Reuters, that live entertainment investment giant Superstruct Entertainment is looking for buyers. The list of potential bidders includes Blackstone, and CVC.
Superstruct Entertainment is headed by James Barton, founder and CEO of global clubbing brand Cream, Creamfields festivals, and former president of electronic music at Live Nation. The business is backed by Providence Equity Partners, who is working with advisers at Liontree and HSBC to gage interest in Superstruct, according to the report. Other potential interest in Superstruct comes from Condé Nast owner Advance Publications, which is also a shareholder in Reddit.
Superstruct Entertainment has been on an acquisition and investment spree across Europe, ever since buying a majority stake in Sziget at the beginning of 2017. See list below. It’s festival portfolio includes major events such as Wacken Open Air (Germany), Mysteryland (Netherlands), Hideout (Croatia), Sonar (Spain), Flow (Finland), and many more.
With this portfolio, Superstruct “could be valued at as much as £1.5 billion ($1.9 billion) in a sale,” two sources told Reuters.
All of Reuters’ spoke on condition of anonymity because the talks are private. All the businesses mentioned in the report declined to comment.
Recent Superstruct Acquisitions:
Superstruct Buys Spain’s The Music Republic
Superstruct Entertainment Acquires ID&T: ‘A Very Significant Milestone’
Superstruct Acquires Apenkooi Through ID&T
Superstruct Entertainment Acquires Stake in Festival Travel
Superstruct Entertainment Invests In Wacken Open Air Promoter ICS
Superstruct Entertainment Invests In German Parookaville Promoter Next Events
Superstruct Entertainment Acquires Portfolio Of Live Events From Global